Friday, May 30, 2008

Avon Weighing Systems Ltd IPO Opening on June 09

Incorporated in 1999, Avon Weighing Systems Limited engaged in the business of selling weighing systems in India. Avon is classified as small scale industry. Avon is the authorized dealer and one of the distributors of A&D and Tanita's weighing systems in India.


Avon Weighing Systems Limited is entering in the capital markets with a fixed price initial public offering, IPO of 98,36,400 Equity Shares for cash, at a premium of Rs 0/-.


The price band for the issue has been fixed at Rs. 10/- for equity share of Rs. 10/-. The issue opens on June 09, 2008, and closes for subscription on May 12, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE).


Avon Weighing Systems Limited IPO Information, Avon Weighing Systems IPO Allotment Status, Avon Weighing IPO reviews and Avon IPO Listing Date. Click on the below link to to find more detail about Avon Weighing Systems Ltd IPO:


http://www.chittorgarh.com/newportal/IPO_detail.asp?a=178


Good Luck!
Kris
Chittorgarh.com

Niraj Cement Structurals Ltd IPO final bid detail

Hi Friends,


Niraj Cement Structurals Ltd IPO oversubscribed by 1.74 times. Non Institutional category oversubscribed around 4.0112 times while Qualified Institutional Buyers (QIBs) quota subscribed 0.0000 times.


Retail Individual Investors (RIIs) category oversubscribed 3.8053 times and Employees category 0.0031 times.


Niraj Cement Structurals Ltd IPO - Final bid details (information from NSE Website)





















































































































Sr.No.CategoryNo.of shares offered/reservedNo. of shares bid forNo. of times of total meant for the category
1Qualified Institutional Buyers (QIBs) 146250000.0000
1(a)Foreign Institutional Investors (FIIs) 0 
1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 0 
1(c)Mutual Funds 0 
1(d)Others 0 
2Non Institutional Investors43875017599204.0112
2(a)Corporates 175470 
2(b)Individuals (Other than RIIs) 324930 
2(c)Others 1259520 
3Retail Individual Investors (RIIs)102375038956803.8053
3(a)Cut Off 3769500 
3(b)Price Bids 126180 
4Employee Reservation32500010200.0031
4(a)Cut Off 1020 
4(b)Price Bids 0


Niraj Cement Structurals Ltd IPO Information, Niraj Cement IPO Allotment Status, Niraj IPO reviews and Niraj Cement Structurals IPO Listing Date. Click on the below link to find more detail analysis & recommendation about Niraj Cement Structurals Ltd IPO:


http://www.chittorgarh.com/newportal/IPO_detail.asp?a=175



Good Luck!
Kris
Chittorgarh.com

Gokul Refoils and Solvent Ltd IPO Listing Info

Hi Friends,


Gokul Refoils and Solvent Ltd IPO Listing Info:


IPO Listing Date: Wednesday, June 04, 2008
BSE Script Code: 532980
NSE Symbol: GOKUL
Listing in: ‘B' Group of Securities
ISIN: INE020J01011
Issue Price: Rs. 195/-
Face Value: Rs 10/- Per Equity Share


Good Luck!
Kris

Tuesday, May 27, 2008

Gokul Refoils and Solvent Ltd IPO Allotment Status

Hello Friends,


IPO Allotment Status is now available online for Gokul Refoils and Solvent Ltd IPO.


Gokul Refoils and Solvent Ltd IPO was open on May 08, 2008 and closed on May 13, 2008. IPO was oversubscribed by 4.27 times (5.5931 times in retail).


Visit http://www.chittorgarh.com to check your application status, Gokul Refoils IPO Listing Date, Gokul Grey Market Premiums and Gokul Refoils and Solvent Ltd IPO latest news.


Good Luck!
Kris
Chittorgarh.com Team

Anu's Laboratories Limited IPO Allotment Status

Hello Friends,


IPO Allotment Status is now available online for Anu's Laboratories Limited IPO.


Anu's Laboratories Limited IPO was open on May 12, 2008 and closed on May 15, 2008. IPO was oversubscribed by 8.43 times (9.6417 times in retail).


Visit http://www.chittorgarh.com to check your application status, Anu's Laboratories IPO Listing Date, Anu's Lab Grey Market Premiums and Anu's IPO latest news.


Good Luck!
Kris
Chittorgarh.com Team

Monday, May 19, 2008

Anu's Lab IPO - Option to withdraw application

Hello Friends,


Anu's Lab IPO got trouble due to some legal issues. Company published a letter to its investors giving the option to withdraw from the public issue because company failed to disclose a pending law suit in its Red Herring Prospectus. The law suit was files by Sunmoon Chemicals Pvt. Ltd in Nov 2007 and this case is still pending. Anu's lab failed to disclose this in its offer document.


Due to define rules by SEBI, Company has given an option to its investors to withdraw the application with in 10 days from May 16, 2008.


This may cause some delay in share allotment and refund for Anu's lab IPO. Investors who do not want to block their money may withdraw their IPO application in next 10 days.


For more detail and discussions about IPO withdrawal options visit:
http://www.chittorgarh.com/newportal/IPO_detail.asp?a=174


Good Luck!
Kris
Chittorgarh.com

Sunday, May 18, 2008

Bafna Pharmaceuticals Limited IPO Opening on May 27

Incorporated in 1995, Bafna Pharmaceuticals Limited is engaged in the business of manufacturing pharmaceutical formulations of Betalactum and Non Betalactum products.


Bafna Pharmaceuticals Limited is entering in the capital markets with an initial public offering, IPO of 64,00,000 Equity Shares for cash, at the premium of Rs 30.


The price band for the issue has been fixed at Rs. 40/- for equity share of Rs. 10/-. The issue opens on May 27, 2008, and closes for subscription on May 30, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE).


Bafna Pharmaceuticals Limited IPO Information, Bafna Pharmac IPO Allotment Status, Bafna Pharmaceuticals IPO reviews and Bafna IPO Listing Date. Click on the below link to to find more detail aboutBafna Pharmaceuticals Ltd IPO:


http://www.chittorgarh.com/newportal/IPO_detail.asp?a=176


Good Luck!
Kris
Chittorgarh.com

Friday, May 16, 2008

Niraj Cement Structurals Ltd IPO Opening on May 26

Incorporated in 1998, Niraj Cement Structurals Ltd is engaged in the business of infrastructure development, building roads, airport upgradation, bridges, airport runways, pavements, industrial structures, ready mix concrete and others. The company is operating from Mumbai and at present executing project in Orissa and Maharashtra.


Niraj Cement Structurals Ltd is entering in the capital markets with an initial public offering, IPO of 32,50,000 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue.


The price band for the issue has been fixed at Rs. 175/- at lower level and Rs. 190/- at upper level for equity share of Rs. 10/-. The issue opens on May 26, 2008, and closes for subscription on May 30, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE).


Niraj Cement Structurals Ltd IPO Information, Niraj Cement IPO Allotment Status,Niraj IPO reviews and Niraj Cement Structurals IPO Listing Date. Click on the below link to to find more detail about Niraj Cement Structurals Ltd IPO:


http://www.chittorgarh.com/newportal/IPO_detail.asp?a=175


Good Luck!
Kris
Chittorgarh.com

Thursday, May 15, 2008

Anu's Lab IPO final bid detail

Hi Friends,


Anu's Laboratories Limited IPO oversubscribed by 8.43 times. Non Institutional category oversubscribed around 26.9726 times while Qualified Institutional Buyers (QIBs) quota oversubscribed around 2.8395 times.


Retail Individual Investors (RIIs) category oversubscribed 9.6417 times and Employees category oversubscribed 1.0001 times.


Anu's Laboratories Ltd IPO - Final bid details (information from NSE Website)





















































































































Sr.No.CategoryNo.of shares offered/reservedNo. of shares bid forNo. of times of total meant for the category
1Qualified Institutional Buyers (QIBs) 181000051395102.8395
1(a)Foreign Institutional Investors (FIIs) 2910390 
1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 489480 
1(c)Mutual Funds 1140660 
1(d)Others 598980 
2Non Institutional Investors5430001464612026.9726
2(a)Corporates 7160790 
2(b)Individuals (Other than RIIs) 6925020 
2(c)Others 560310 
3Retail Individual Investors (RIIs)1267000122160009.6417
3(a)Cut Off 11819250 
3(b)Price Bids 396750 
4Employee Reservation2000002000101.0001
4(a)Cut Off 1710 
4(b)Price Bids 198300


 


Anu's Laboratories Limited IPO Information, Anu's Laboratories IPO Allotment Status, Anu's IPO reviews and Anu's IPO Listing Date. Click on the below link to find more detail analysis & recommendation about Anu's Laboratories Ltd IPO:


http://www.chittorgarh.com/newportal/IPO_detail.asp?a=174



Good Luck!
Kris
Chittorgarh.com

Tuesday, May 13, 2008

Anu's Lab IPO subscribed 0.21 times on its 2nd day

Hi Friends,


Anu's Laboratories Limited, IPO subscribed 0.21 times on its 2nd day.
QIBs: 0.2183
Non Institutional: 0.3978
Retail (RIIs): 0.1073
Employees: 0.2327


The price band for the issue is  Rs. 200/- at lower level and Rs. 210/- at upper level for equity share of Rs. 10/-. The issue closes for subscription on May 15, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE).


Anu's Laboratories Limited IPO Information, Anu's Laboratories IPO Allotment Status, Anu's IPO reviews and Anu's IPO Listing Date. Click on the below link to find more detail analysis & recommendation about Anu's Laboratories Ltd IPO:


http://www.chittorgarh.com/newportal/IPO_detail.asp?a=174



Good Luck!
Kris
Chittorgarh.com

Gokul Refoils and Solvent Ltd IPO final bid detail

Hi Friends,


Gokul Refoils and Solvent Ltd IPO oversubscribed by 4.27 times. Non Institutional category oversubscribed around 6.5845 times while Qualified Institutional Buyers (QIBs) quota oversubscribed around 2.7206 times.


Retail Individual Investors (RIIs) category oversubscribed 5.5931 times and Employees category oversubscribed 1.0565 times.


Gokul Refoils and Solvent Ltd IPO - Final bid details (information from NSE Website)





















































































































Sr.No.CategoryNo.of shares offered/reservedNo. of shares bid forNo. of times of total meant for the category
1Qualified Institutional Buyers (QIBs) 354169696357102.7206
1(a)Foreign Institutional Investors (FIIs) 7578620 
1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 230720 
1(c)Mutual Funds 1794870 
1(d)Others 31500 
2Non Institutional Investors106250869960806.5845
2(a)Corporates 2814455 
2(b)Individuals (Other than RIIs) 3760295 
2(c)Others 421330 
3Retail Individual Investors (RIIs)2479188138662655.5931
3(a)Cut Off 12349575 
3(b)Price Bids 1516690 
4Employee Reservation75000792401.0565
4(a)Cut Off 0 
4(b)Price Bids 79240



Gokul Refoils and Solvent Ltd IPO Information, Gokul Refoils IPO Allotment Status, Gokul IPO reviews and Gokul Refoils and Solvent IPO Listing Date. Click on the below link to to find more detail about Gokul Refoils and Solvent Ltd IPO:


http://www.chittorgarh.com/newportal/IPO_detail.asp?a=173


Good Luck!
Kris
Chittorgarh.com

Monday, May 12, 2008

Anu's Laboratories Limited IPO Recommendation - Avoid

Hello Friends,


Anu's Laboratories Limited IPO Recommendation


Public Issue Open: May 12, 2008 to May 15, 2008
Public Issue Price: Rs 200/- to Rs 210/-
Price Earning Ratio at upper band: 14.50
Price Earning Ratio at lower band: 13.81


Anu's Laboratory was incorporated in the year 1996 for manufacture of Bulk Active Pharma Ingredients and Intermediates for drug molecules.


The financial indicators of Anu's Lab (not of other group companies) are good. The company is growing, increasing sales and profits and also increasing its profit margins. Returns on Networth and returns on capital employed are very good.


On the other hand, Anu's Lab is a small company and present into a commodity business which makes this issue very risky. Since Anu's has a decent financial profile there are chances that it might list with a marginal listing gain. But the chances of this happening are very slim. Price earning multiple of around 15 and price to book of around 4 is too high a price to pay for Anu Labs.


We recommend to avoid the issue.


For detail analysis please visit following link:
http://www.chittorgarh.com/newportal/ipo_review.asp?a=174


Good Luck!
Chittorgarh.com Team

Tuesday, May 6, 2008

Aishwarya Telecom Limited IPO Listing Info

Aishwarya Telecom Limited IPO Listing Info:

IPO Listing Date: Wednesday, May 7, 2008
BSE Script Code: 532975
Listing in: ‘B' Group of Securities
ISIN: INE778I01016
Issue Price: Rs. 35/- per share
Face Value: Rs 10/- Per Equity Share

Sunday, May 4, 2008

Gokul Refoils IPO Review & Recommendation

Hi Friends,


Gokul is an established player and should be able to compete well in highly competitive and inherently low margin edible oil business.


Edible oil market in India will grow considering increasing consumption and economic development of India which presents a good opportunity to Gokul.


With increasing retail share Gokul should be able to increase its net profit margins


Valuations of Gokul are very reasonable considering price earning multiple of around 8 at upper band (annualized for 8 months ending November 2007). Gokul also comperes favourably with its peers like K.S. Oil (price earning multiple of around 22) and Ruchi Soya (price earning multiple of 12). Price to book multiple of Gokul at upper band is 1.64 which is again very reasonable


Gokul has a reasonable debt with its debt equity ratio at 0.45. Return on Net Worth has improved over the years and is quite decent at 27% for the 8 months ended November 2007. Return on Capital Employed is not good at around 15%.


Based on the above parameters we recommend subscribing to the issue.


For complete analysis please visit following link:
http://www.chittorgarh.com/newportal/ipo_review.asp?a=173


Discuss this review at:
http://www.chittorgarh.com/newportal/DiscView.asp?mid=3108&forum_id=34


Chittorgarh.com Team


Disclaimer: All investments are subject to risk, including the loss of principal amount invested. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision.

Saturday, May 3, 2008

Anu's Laboratories Limited IPO Opening on May 12

Incorporated in 1996, Anu's Laboratories Limited is an ISO 9001:2000 certified company, engaged in manufacture bulk active pharma ingredients and intermediates for drug molecules and was promoted by Mr. K. Hari Babu.


Anu's Laboratories Limited is entering in the capital markets with an initial public offering, IPO of 38,20,000 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue.


The price band for the issue has been fixed at Rs. 200/- at lower level and Rs. 210/- at upper level for equity share of Rs. 10/-. The issue opens on May 12, 2008, and closes for subscription on May 15, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) .


Anu's Laboratories Limited IPO Information, Anu's Laboratories IPO Allotment Status, Anu's IPO reviews and Anus IPO Listing Date. Click on the below link to to find more detail about Anu's Laboratories Ltd IPO:


http://www.chittorgarh.com/newportal/IPO_detail.asp?a=174


Good Luck!
Kris
Chittorgarh.com

Friday, May 2, 2008

Aishwarya Telecom Limited IPO Allotment Status

Hi Friends,


IPO Allotment Status is now available online for Aishwarya Telecom Limited IPO.


Aishwarya Telecom Limited IPO was open on April 15, 2008 and closed on April 17, 2008. IPO was oversubscribed by 20.00 times (33.99 times in retail).


Good Luck!


Kris